Lucosky Brookman LLP - Uplisting Monthly - January 2021

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UPLISTING MONTHLY January 2021


Congratulations Congratulations to the 5 issuers whom successfully uplisted from the OTC Markets and cross-listed from a foreign exchange to the NASDAQ this month.


Uplisting Summary As we start the new year, the uplisting and cross-listing market is still going strong with 5 issuers listing their shares on the NASDAQ in January, raising a combined $97 million. Companies who operate in three different sectors made up the January 2021 class of uplisted companies including from biotechnology, technology and communication. All five of the uplistings and cross-listings included offerings ranging from approximately $9,600,000 to $43,000,000, with a good cross section of investment banking partners including Roth Capital Partners, National Securities Corporation, Colliers Securities, Kingswood Capital Markets, ThinkEquity, Dawson James Securities, Lake Street Capital Markets and H.C. Wainwright & Co, among others. Of these five companies that raised capital in connection with their listing, three included tradeable warrants as part of the transaction. Overall, like the larger capital markets, the uplisting and cross-listing marketplace continues to be extremely active. We anticipate continued active participation for uplistings and cross-listings in the months ahead even if the broader markets begin to slow.


$97 Million Raised in January

5 Uplists and Cross-lists in January 2021

OTC MARKETS / CROSS-LISTINGS January 3

3

2

2

1

0

UPLIST (OTC)

CROSSLIST (FOREIGN)

UNDERWRITER LEAGUE TABLES January

** Joint capital raise

Number of Transactions

Amount Raised

2 1 1 1 1 1 1 1

$62.6m $18.6m $18.6m $16m $16m $16m $9.6m $9.6m.

Roth Capital Partners National Securities Corp Colliers Securities Kingswood Capital ThinkEquity Dawson James Securities Lake Street Capital H.C. Wainwright

Roth Capital Partners** National Securities Corp** Colliers Securities** Kingswood Capital** ThinkEquity** Dawson James Securities** Lake Street Capital H.C. Wainwright


NASDAQ / NYSE

January 5

5

4

3

2

1

0

0

NASDAQ

NYSE

2

SECTORS

Tech.

Bio.

2

Communic

1 0

0.5

1

1.5

5

5

ORGANIC

4

3

2

1

0

WARRANTS

5

0 ORGANIC

W/ CAPITAL RAISE

5

4

3

3

2

2

1

0

YES

TRADEABLE

NO

2


January 2021

40% of this month's uplistings and crosslistings were from the Technology sector with 2 listings raising approximately $27 million. Another 40% of this month's uplistings and cross-listings were from the Biotech sector with 2 listings raising approximately $52 million.

The single largest capital raise this month was from the Biotech sector in the amount of $43 million. The smallest capital raise this month was also from the Biotech sector, raising $9.6 million.

3.1 Months All 5 uplistings and cross-listings in January were assisted by investment banks to raise capital, including Roth Capital, Kingswood Capital and H.C. Wainwright, raising a total of $34.6 million.

The average timeframe for uplisted companies from the filing of the company's initial Registration Statement to effectiveness and pricing on the NASDAQ or the NYSE.


Additional Information Lucosky Brookman's data analytics team tracks uplisting and cross-listing transactional data throughout the industry, including, but not limited to, the following data points. Transaction-specific data Capital raise amount Listing price Underwriter(s) Pre-listing trading platform Execution time Initial trading data Warrant availability Tradeable warrant availability Reverse split information Company professional information Underwriter professional information Company auditor Other various data points

Industry-specific data Market trends Year-to-date underwriter aggregate capital raise amounts Year-to-date underwriter aggregate number of transactions Year-to-date sector information Average listing prices versus current market prices (including highs and lows

If you wish to receive additional information relating to the uplisting and cross-listing market or any specific company, please contact uplist@lucbro.com.


Lucosky Brookman LLP Lucosky Brookman is a corporate law firm directly serving the microcap and smallcap markets with offices in New York, New Jersey and Philadelphia. Whether our clients engage in an uplist, cross-list, direct list, SPAC, merger or IPO through a private placement, firm commitment underwriting, Reg A or otherwise, Lucosky Brookman is at the forefront of sophisticated OTC and senior domestic and foreign exchange listing transactions. Lucosky Brookman is the industry leader in uplisting domestic or foreign quoted OTC companies and foreign exchange listed companies to the NASDAQ or NYSE. For micro or small cap companies to succeed in the uplist process, they need to have more than just an attorney, they need an advocate, a leader, a quarterback to proactively usher the company through the process and across the finish line. For 11 years, the attorneys at Lucosky Brookman have successfully assisted numerous companies achieve their goals by completing successful listing transactions on the NASDAQ or NYSE – many times in connection with a simultaneous financing transaction and/or a restructuring. The Uplisting Monthly report is the most comprehensive resource dedicated to the Uplist and cross-list marketplace. It brings powerful and in-depth market data and analytics to help issuers, management teams, boards of directors, consultants and others involved in the uplisting and cross-listing process make better decisions. Please contact us at uplist@lucbro.com if you would like to discuss your company's uplisting or cross-listing prospects, if you would like to better understand the uplisting and cross-listing marketplace, or if you would like to receive a comprehensive 7-8 page Uplisting Analysis of your company. Lucosky Brookman LLP www.lucbro.com uplist@lucbro.com


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